Cara Operations Ltd (TSE:CAO) Receives Average Recommendation of “Buy” from Analysts
Cara Operations Ltd (TSE:CAO) has been given an average rating of “Buy” by the seven brokerages that are presently covering the firm. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$32.93.
Several research firms recently weighed in on CAO. CIBC upped their price target on shares of Cara Operations from C$28.50 to C$29.00 and gave the stock a “sector perform” rating in a research report on Monday, August 8th. Scotiabank upped their price target on shares of Cara Operations from C$32.00 to C$33.50 and gave the stock an “outperform” rating in a research report on Friday, September 2nd. Royal Bank Of Canada restated an “outperform” rating and set a C$34.00 price target on shares of Cara Operations in a research report on Friday, September 2nd. Finally, National Bank Financial restated an “outperform” rating and set a C$34.00 price target on shares of Cara Operations in a research report on Wednesday, September 7th.
Shares of Cara Operations (TSE:CAO) traded down 0.07% on Tuesday, hitting $26.93. The stock had a trading volume of 6,750 shares. Cara Operations has a 12 month low of $22.85 and a 12 month high of $36.98. The firm has a market cap of $1.32 billion and a P/E ratio of 12.84. The firm’s 50-day moving average price is $29.62 and its 200 day moving average price is $29.72.
About Cara Operations
Cara Operations Limited is a Canada-based full service restaurant operator and franchisor. The Company operates through three segments: corporate restaurants, franchise restaurants and central operations. The corporate restaurant segment includes the operations of the Company-owned restaurants, which generate revenues from the direct sale of prepared food and beverages to customers.
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